A Little Trouble for Big Tech

Beneath the surface, tech is holding up well.

THE BULWARKS OF BIG TECH HAD A CHANCE TO SUPPORT the financials' mini-rally late last week, but dropped the ball.

However, if you look beyond some of the disappointing quarterly numbers and acknowledge the relatively strong showing by IBM (ticker: IBM), the earnings and guidance from some of the top tech names were modestly impressive, considering the ugly prevailing economic conditions.